| Comment Number: | 522418-06044 |
| Received: | 7/5/2006 3:14:51 AM |
| Organization: | Quixtar |
| Commenter: | Elliot Ness |
| State: | ND |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO involved with Quixtar for about a year and a half now. I appreciate your concern with our industry and desire to clear out those businesses that are illegitimate. I am concerned however that the rules you are thinking to put into place will only hinder the growth of legitimate business. Many people who become involved with a business like ours only make up their mind whether or not to get involved after a family member or friend is introduced to the business and is excited about the opportunity. Also when registering a couple that isn’t yet married we will start them each in their separate businesses should they have a falling out of their romantic relationship. The 7 day waiting period would keep us from being able to register these people simultaneously. Waiting will only slow their growth in the business and not help them in any way. References in a new area recently expanded to may not even exist and if those referenced are of less than noble character they may decide to register this new person instead of the person who introduced the business to the referee in the first place. It would be about the equivalent of writing a paper for school and then having someone else turn it in with their name attached. References are also inconvenient to the person being referred to. They receive no financial benefit for talking to this new person unless they sponsor them and are having their time and potential phone costs taken up by talking to this individual. Because of this some may become rude and/or malicious. Though this business has some of the most kind and uplifting people I have ever met we are still human and can all turn sour if pressed enough. Requiring us to expose all litigation against even ourselves whether it’s a fraudulent claim or not let alone the corporation and anyone involved with the corporation would only make our industry targets of those who are not supportive of the way in which we do business. This includes all forms of mass media and those who disagree with the values we stand for. Finally anything involving discloser of financial information may be disheartening to a prospect IBO because so many people who do get started have different goals. Many people get involved just to sell a few products to their close family and friends and make very little income doing it because they aren’t pursuing the business the same way someone who wants to become a multimillionaire is. Also some people have many hang-ups that they need to overcome and may take awhile to become financially successful whereas others could quickly replace two or more full-time incomes. What may be more beneficial is knowing how many people have made it to a certain level within the business though not by percentages as they can be misleading and I already covered the fact that people come in with differing goals. Letting people know what has been accomplished is more useful information than what an individual has accomplished. My parents are not doctors but if they told me I could learn from doctors to become one if that was my goal it doesn’t matter that my parents haven’t done it. Thank you for your concern and I appreciate the opportunity to make my veiw heard.